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Judge Approves Battery Maker Liquidation Plan

By

Patrick Fitzgerald

May 21, 2013 5:28 p.m. ET

A bankruptcy-court judge approved the liquidation plan of the failed lithium-ion battery maker once known as A123 Systems Inc. that divvies up the proceeds from the sale of the company's assets to a unit of China's Wanxiang Group.

Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Del., on Monday signed off on the plan filed by the remnants of the battery maker left behind in bankruptcy. A123 filed for bankruptcy in...